Which of the Following Statements About the Dynamics of World

question 60

Multiple Choice

Which of the following statements about the dynamics of world trade is most accurate?

• A)As the largest international importer and exporter,the U.S.accounts for 65 percent of world trade.
• B)World trade is calculated to include only the exchange of money for products or services.
• C)An estimated 35 percent of world trade involves countertrade.
• D)China,the United States,and Germany far outpace other countries in terms of imports and exports.
• E)Because of NAFTA,North American intratrade is no longer counted in calculations of world trade.

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Definitions:

Likert Scale

A psychometric scale commonly used in questionnaires to represent people's attitudes, opinions, or perceptions, where responses range from one extreme to another.

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The assessment of how well a delivered service conforms to the customer's expectations.

Significance Level

The threshold at which the results of statistical analysis are considered to indicate a statistically significant difference from the null hypothesis.

Hypotheses Testing

A method of statistical inference used to decide whether there is enough evidence in a sample of data to support a particular belief or hypothesis about a population parameter.